Millionday Roundtable 2/25/15 Part 2
Welcome to dinarupdates.com for roundtable with Millionday!!
Millionday: . Central Bank announced on Wednesday, to start applying the new system of remittances and sell the currency.
According to a statement of the bank Agency / Source News / received a copy of it: there was no truth to the news stop selling the dollar operations.
Millionday: SO CBI HAS ANNOUNCED THAT THEY ARE MOVING TO A REMITTANCE SYSTEM -- APPLY IT WAS THE ANNOUNCEMENT SMILE
Millionday: WE WILL SEE SOME CHANGES IN IT APPLICATION
Pablo: What exactly is a remittance system?
Millionday: PABLO >>>Foreign remittance can be defined as ‘the purchase and sale of freely convertible foreign currencies as admissible under Exchange Control Regulations of the country’.
A looser translation is the sending of money home while working in a foreign country. Thousands of people are currently working and living in a country that is not their home, and sending funds regularly back to their families in their home country.
Millionday: BEING ABLE TO EXCHANGE CURRENCY AND WIRE IT BACK AND FORTH
allinxpress Millionday: ok, so that was much needed for international exchange then correct?
Millionday: THAT IS HUGE PROGRESS --
Dovi: Hope i didn't miss this....Are they starting the auctions again? I think there was something said earlier here about that.
Millionday: THEY STOPPED THE AUCTIONS TO APPLY THE REMITTANCE SYSTEM
MArco: In your opinion with this remittance system, does it give them more time to wait to revalue their currency. It seems like they have another way of using money now. Thanks
Millionday: IMO -- IT MEANS THAT THEY HAVE TO HAVE TO HAVE EXCHANGABLE CURRENCY TO APPLY THE SYSTEM BUT WE HAVE TO WAIT -- IT IS SENDING AND EXCHANGING CURRENCY LIKE THROUGH WESTERN UNION ETC
Millionday: THROUGH BANKS AS WELL
Millionday: IT IS PART OF THE BANKING REFORM AND THE MONETARY POLICY PER REPORTS WE HAVE READ
MArco: okay so they can't use this to pay bills
Millionday: THIS IS FOR CITIZENS AND WORKERS AND THE COUNTRY TO SEND MONEY AND RECEIVE MONEY -- EXCHANGABLE MONEY
Millionday: SO HOW THEY WILL DO THAT WITHOUT MORE PROGRESS IS BEYOND ME
Kal: What happened with the Federal Law thing we were waiting to hear about in Parliament
Kal: Parliament was suppose to be reviewing it . it was holding up the rv
Millionday: IT IS IN PARLIAMENT NOW AND THEY ARE WORKING ON IT
Millionday: Is the Pentagon lead the attack for the Liberation of Mosul, or Iraqi forces? I've raised the date of announcement of the attack on the city to recover from the militants, "Daash" angry reactions within the US military establishment, as well as the rage within the Iraqi military leadership that has criticized the Americans when they announced the date of the planned attack in April and Ayaralamqublan.
Iraqi military officials have questioned a large angrily, is America is leading the battle on the ground or Iraqi forces?
the Iraqi ambassador to the United States Luqman Willy said, for the magazine Foreign Policy, "We need to all efforts to eliminate Daash and defeat." The Luqman stresses in his speech on the label extremist organization called "Daash."
Millionday: SO WASHINGTON IS MAD ABOUT THE RELEASE OF THE DATE OF MOSUL ATTACK
pizzaman: Who are (will be) the parties involved in this remittance system to start (middlemen)? Will a rate be required at start up? Is the ISX a player at start up? All banks?
Millionday: THE BANKS ARE USED IN THE SYSTEM AND THE FREE MARKET ECONOMY WILL INCLUDE THE ISX THE MIDDLEMAN IS THE CBI THROUGH WESTERN UNION AND INTERNATIONAL BANKS -- EXCHANGE BUSINESSES ETC
Millionday: THE WHEN AND MORE THAN THAT WE HAVE THROUGH ACTION ---
Millionday: BRB WITH MORE - THE NEWS IS SPREAD OUT TODAY -- BRB
Millionday: met Dr. Ibrahim al-Jaafari, the Iraqi Foreign Minister ambassadors Asia, and America, Turkey, and Iran, Wednesday, 02/25/2015, was discussed during the meeting in the security file, and political, and the developments of the Iraq war against terrorists Daash, and efforts by the security forces, the popular crowd, and international support.
Jaafari said: The world today is witnessing the phenomenon of international conferences, and rallying efforts in response to the phenomenon of terrorism, and however, saying: Conference is not the goal in the face of terrorism but the embodiment, and the implementation of the decisions,
and what is agreed upon, and cooperation on drying the sources of terrorism are the goals that must be pursued by all countries.
Millionday: NOTE -- THE MEETINGS SEEN ARE NOT JUST ABOUT TERRORISM BUT ALSO ABOUT ALL AGREEMENTS
Millionday: Jaafari stressed that the response of the humanitarian act that should be doing that all nations is to support and help, and stand by any country subject to challenge Daash terrorist particularly that Daash spread the culture shed the blood of anyone who disagrees with,
and spread hatred, vandalism, destruction, and this culture has been able to influence in some minds from different continents, countries, and cities in the world. He commended His Excellency the supervisor and large played forces role security, and the crowd PDF, and the Peshmerga to make progress on the ground, and losses, and the decline incurred Daash.
Millionday: NOTE -- MANY COUNTRIES ARE AFRAID OF DAASH SPREADING OUT TO THE GLOBE AND ARE NOW SEEING THE RISK ACCORDING TO MANY REPORTS
Millionday: valuing the efforts of friendly countries, and the assistance provided by Iraq, calling to continue to support the various fields. He stressed that Daash gangs are not the first to express terrorism, and probably will not be the last, while Iraq and Syria may Tkonan first exposure to this terrorism,
and probably will not Tkona last two years, it has moved to other countries. For their part, expressed ambassadors their countries' readiness to provide support, and support for Iraq in its war against terror Daash gangs, and the obligation to provide assistance for displaced people,
and contribute to the reconstruction of infrastructure ravaged by gangs of terrorists, and praised the successes achieved by Iraq in the political process, the security and the victories achieved by the security forces on Daash terrorist gangs.
Millionday: SO AS WE SEE -- THEY ARE MEETING TO MOVE FORWARD WITH THE COALITION AND ARE MEETING WITH MANY COUNTRIES CONCERNING DAASH -- ABOUT TIME
.VIP.clay: anything on HCL been reading so many conflicting stories
.VIP.clay: and do u foresee them postponing tariffs again
Millionday: THE KURDS HAVE STATED THAT THEY DENY NOT AGREEING WITH IT -- THAT WAS THE FORMER GOV AGREEMENT AND AS WE HAD IN NEWS LAST NIGHT –
THEY HELD A PRESS CONFERENCE YESTERDAY STATING THAT THEY AGREE AND ARE HAPPY WITH IRAQ FEDERAL AND THE NEW AGREEMENT
Papatom: so this new system that they seem to have implemented...and STARTED? selling foreign currency.... do you think they are using the 1166 rate to offset that currency? or to exchange for?
i'm having a difficult time wrapping my mind around how this helps if the dinar rate doesn't change? it doesn't seem like they have enough dinar to operate with.??? care to expound, or even bloviate? (rush Limbaugh)
Millionday: I AGREE WITH ALL YOU SAID -- WE KNOW WHAT THE SYSTEM IS BUT TO HAVE IT AT THE RATE THEY ARE AT NOW MAKES NO SENSE --
WE HAVE TO WAIT AND SEE ANYTHING ELSE IS GUESSING HOPING AND PRAYING